Turkcell Iletisim Hizmetleri AS $TKC Shares Bought by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. dramatically increased its stake in Turkcell (NYSE:TKC) by 2,157.4% in Q3, acquiring an additional 168,902 shares to hold 176,731 shares worth about $1.06 million.
• Several other major funds also built positions—Millennium Management (+326%) now owns ~3.50M shares ($21.0M) and Two Sigma (+103.5%) owns ~1.97M shares ($11.8M)—indicating broad institutional accumulation during the quarter.
• TKC traded near $6.51 with a 52-week range of $5.35–$7.18, a market cap of ~$5.72B and a P/E of 14.14; the company reported $0.10 EPS on $1.5B revenue last quarter and the consensus analyst rating is currently a Hold.

JPMorgan Chase & Co. raised its holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 2,157.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 176,731 shares of the Wireless communications provider's stock after acquiring an additional 168,902 shares during the period. JPMorgan Chase & Co.'s holdings in Turkcell Iletisim Hizmetleri AS were worth $1,064,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TKC. Millennium Management LLC raised its holdings in Turkcell Iletisim Hizmetleri AS by 326.4% in the 3rd quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider's stock valued at $21,042,000 after acquiring an additional 2,675,681 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 103.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider's stock worth $11,840,000 after buying an additional 1,000,311 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 80.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 839,445 shares of the Wireless communications provider's stock worth $5,053,000 after buying an additional 373,047 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 580.7% during the 3rd quarter. Quadrature Capital Ltd now owns 417,557 shares of the Wireless communications provider's stock worth $2,512,000 after buying an additional 356,211 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 72.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 543,971 shares of the Wireless communications provider's stock worth $3,291,000 after buying an additional 229,016 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE:TKC opened at $6.51 on Friday. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.35 and a fifty-two week high of $7.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.70. The company has a 50 day moving average price of $6.44 and a 200 day moving average price of $6.09. The stock has a market capitalization of $5.72 billion, a P/E ratio of 14.14 and a beta of 1.04.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its earnings results on Sunday, February 15th. The Wireless communications provider reported $0.10 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.39% and a return on equity of 6.85%. The firm had revenue of $1.50 billion during the quarter. Equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on TKC shares. Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Weiss Ratings restated a "hold (c)" rating on shares of Turkcell Iletisim Hizmetleri AS in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country's first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.

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